Every 8-K that Cogent Communications Holdings, Inc. (CCOI) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow CCOI and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full CCOI filings page.
Cogent Communications Holdings, Inc. reported Q2 2026 service revenue of $235.6 million, down 1.5% from Q1 2026 and 4.3% from Q2 2025. On-net revenue was $135.4 million, essentially flat year over year, while off-net revenue fell to $84.5 million, a 17.3% decline. Wavelength revenue grew to $14.8 million, up 63.8% from Q2 2025, and non-core services shrank to $0.9 million.
Profitability improved sharply. GAAP gross profit was $57.6 million, up 72.1% year over year, with GAAP gross margin rising to 24.5% from 13.6%. Non-GAAP gross margin reached 47.0%. EBITDA was $46.1 million (19.6% margin), and basic net earnings per share were $1.39 versus a loss of $1.21 a year earlier, aided by a $130.7 million gain on the sale of ten owned data centers.
Net cash provided by operating activities was $3.2 million in Q2 2026. Cogent amended its 2032 secured notes indenture, increasing the maximum secured debt leverage ratio from 4.00x to 4.75x and committing to use at least $175.0 million of data center sale proceeds to repurchase debt at a discount. Through July 31, 2026, the company had repurchased $138.8 million par value of its 2032 secured notes, realizing total gains of $13.4 million. The board approved a regular quarterly dividend of $0.02 per share, payable September 4, 2026, and Cogent continued to expand its optical wavelength footprint to 1,137 locations and its on-net building count to 3,627, while total customer connections declined to 115,839.
Cogent Communications Holdings, Inc. has completed the sale of 10 data center facilities to an entity sponsored by I Squared Capital for an aggregate purchase price of $225 million in cash. The facilities are located across major U.S. markets including Phoenix, Anaheim, Chicago and Houston.
The transaction was executed through Cogent’s indirect wholly owned subsidiary, Cogent Fiber, LLC, under a previously announced Purchase and Sale Agreement. Cogent remains a facilities-based provider of low cost, high speed Internet access and private network services, operating an all-optical IP network in 306 markets globally.
Cogent Communications Holdings, Inc. announced that its subsidiaries Cogent Communications Group, LLC and Cogent Finance, Inc. entered into a First Supplemental Indenture to amend the terms of their existing notes indenture.
The amendments raise the secured leverage ratio in the “Permitted Liens” basket from 4.00:1.00 to 4.75:1.00 and direct proceeds from certain data center sales to repurchase or retire existing indebtedness at a discount, with at least 50% applied to the 6.500% Senior Secured Notes due 2032. The changes also restrict transfers of indefeasible rights of use to non-guarantor or unrestricted subsidiaries and make related conforming changes, following consent from holders of a majority in principal amount of the notes.
Cogent Communications Holdings, Inc. has entered into a material definitive agreement for its indirect wholly owned subsidiary, Cogent Fiber, LLC, to sell 10 data center facilities to an affiliate of I Squared Capital for $225 million in cash. The facilities are located across major U.S. markets including Phoenix, Atlanta, Chicago and Houston.
Cogent has agreed to guarantee certain obligations of the seller under the purchase agreement. Closing is subject to customary conditions, including expiration or termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, and is expected on the later of June 12, 2026 or HSR approval, with an outside termination date of November 18, 2026.
Cogent Communications Holdings, Inc. reported that stockholders approved a Third Amended and Restated 2017 Incentive Award Plan, adding 1.5 million shares for equity awards, extending the plan through March 19, 2036, and raising the maximum annual award to any one person to 1,000,000 shares.
The Board granted CEO David Schaeffer a 1,000,000‑share performance-based restricted stock award, split into tranches of 200,000, 300,000 and 500,000 shares that vest only if the stock’s 60‑day volume weighted average price reaches $70, $85 and $100, respectively, and service conditions are met.
At the Annual Meeting, all director nominees were elected and stockholders approved the incentive plan, the appointment of Ernst & Young LLP as auditor, and named executive officer compensation. There were 50,102,364 shares entitled to vote and 38,736,164 shares present in person or by proxy.
Cogent Communications reported Q1 2026 service revenue of $239.2 million, down 0.6% from Q4 2025 and 3.2% year over year, or 4.6% lower on a constant-currency basis. Mix shifted toward higher-value products, with wavelength revenue up 90.8% year over year to $13.6 million, while off-net and non-core revenue continued to decline.
Profitability improved despite lower revenue. GAAP gross margin rose to 23.4% from 13.6% a year earlier, and non-GAAP gross margin was 46.1%. EBITDA was $45.2 million (18.9% margin), up from $43.8 million a year ago but down sequentially. Net loss narrowed to $39.5 million, or $(0.83) per share, compared to $(1.09) a year earlier.
Operating cash flow improved to $14.8 million from a $(6.0) million outflow in Q4 2025, though below $36.4 million a year earlier. Total customer connections fell 3.2% year over year to 116,809, with growth in on-net and wavelength connections offset by declines in off-net and enterprise. The board approved a $0.02 per-share quarterly dividend payable June 2, 2026.
Cogent Communications Holdings, Inc. reported lower service revenue but stronger profitability for Q4 and full year 2025. Q4 2025 service revenue was $240.5 million, down 0.6% sequentially and 4.7% year over year. Full-year 2025 service revenue was $975.8 million versus $1,036.1 million in 2024, with constant-currency revenue down 6.3%.
Profitability improved markedly. GAAP gross profit rose to $170.6 million in 2025, with GAAP gross margin increasing from 9.3% to 17.5%. Non‑GAAP gross profit reached $442.7 million and non‑GAAP gross margin improved to 45.4%. EBITDA increased from $122.8 million in 2024 to $192.8 million in 2025, and Q4 2025 EBITDA margin was 21.5%.
Despite these gains, Cogent posted a 2025 net loss of $182.2 million, or $3.80 per share, compared with a $204.1 million loss in 2024. Net cash used in operating activities was $10.6 million for 2025. Leverage remained high, with a year‑end 2025 net leverage ratio of 7.34x and 6.64x when adjusted for amounts due from T‑Mobile.
The business mix continued to shift. Wavelength revenue grew to $38.5 million in 2025, more than double 2024, and wavelength customer connections increased sharply to 2,064 as of December 31, 2025. Off‑net revenue fell 12.5% to $397.5 million and non‑core revenue dropped to $8.3 million, reflecting the phase‑out of legacy services.
Cogent’s IP Transit Services Agreement with T‑Mobile remained an important cash contributor. Cash payments under this agreement totaled $100.0 million in 2025, down from $204.2 million in 2024. Revenue recognized under a related commercial agreement with T‑Mobile was $2.6 million for 2025.
The company continued its shareholder return program but at a reduced level going forward. It paid four quarterly dividends in 2025 totaling $150.1 million, or $3.05 per share, which are expected to be treated primarily as a return of capital for U.S. federal income tax purposes. On February 18, 2026, the board approved a regular quarterly dividend of $0.02 per share for Q1 2026, payable March 20, 2026 to shareholders of record on March 6, 2026.
Cogent Communications Holdings, Inc. updated its leadership compensation by amending CEO David Schaeffer’s employment agreement and granting new equity awards. The amendment extends his term through December 31, 2028, sets a $1 million annual salary, and caps his target annual cash incentive at $1.25 million, based on year-over-year EBITDA growth, with no bonus if EBITDA growth is zero or negative.
For each of 2026, 2027 and 2028, the Board will grant 229,657 time-vesting restricted shares and 321,520 performance-vesting restricted shares, with the 2026 grants made on December 31, 2025 and described as having values of $5 million and $7 million, respectively. Time-vesting shares generally vest between 2029 and later years, while performance shares depend on EBITDA compound annual growth over three-year periods. The company also granted 100,000 restricted shares each to its CFO, Chief Legal Officer and Chief Revenue Officer as retention awards vesting on January 1, 2029.
Cogent Communications Holdings, Inc. reported that it has resumed its common stock buyback program. The company announced this through a press release dated November 17, 2025, which is included as Exhibit 99.1 to the Form 8-K. The filing explains that this information is being furnished rather than filed, meaning it is not subject to certain liability provisions of the Exchange Act and is not automatically incorporated into other securities law filings.
Cogent Communications Holdings, Inc. (CCOI) furnished an update on its third‑quarter 2025 results. The company issued a press release summarizing Q3 2025 financial performance and scheduled a conference call at 8:30 a.m. ET on November 6, 2025, with a simultaneous webcast available via www.cogentco.com.
The press release is included as Exhibit 99.1 and is furnished under Item 2.02, meaning it is not deemed “filed” under Section 18 of the Exchange Act and is not incorporated by reference unless specifically referenced.
Cogent Communications Holdings reported a planned leadership transition in its global sales organization. James Bubeck notified the company of his intent to retire as Vice President of Global Sales and Chief Revenue Officer, effective September 2, 2025. This means the long-time sales leader will step down on a scheduled basis rather than abruptly leaving.
Mark Andrew Harris will become the new Vice President of Global Sales and Chief Revenue Officer, effective upon Mr. Bubeck’s retirement, providing continuity in the company’s commercial leadership. Mr. Harris, age 61, joined Cogent in 2023 through its acquisition of Sprint Communications from T-Mobile and has held the role of Vice President of European Sales. He has been involved with the Sprint business in various sales roles since April 2003, bringing more than two decades of experience with that business into his expanded global sales and revenue role.
Cogent Communications Holdings, Inc. (NASDAQ: CCOI) filed a Form 8-K on 7 Aug 2025. Under Item 2.02, the company furnished, but did not file, a press release (Exhibit 99.1) announcing its second-quarter 2025 financial results. While the actual numbers are not included in the filing excerpt, management will discuss the results during a live webcast and conference call at 8:30 a.m. ET on 7 Aug 2025, accessible through www.cogentco.com. Because the information is furnished, it is not subject to Exchange Act §18 liability and will not be incorporated by reference into other SEC filings unless specifically cited. No other material events, transactions, or financial statements are disclosed in this report.